🔍 What is visible on the chart $BNB
📉 1. Strong downtrend - the price has fallen from ~645 to 603. The candles are large, sequential, with minimal shadows — a sign of aggressive selling
📉 2. All short-term MAs have been broken
All moving averages are above the price, confirming bearish dynamics
📉 3. RSI = 15.12
Extremely oversold level. An index at such levels often signals a potential short-term bounce or consolidation
📊 4. Volume
Strong red candles with increasing volume indicate panic or mass exit from positions
📅 Forecast for today–tomorrow:
🔻 Probability of continued decline:
If BTC remains weak — BNB may test the level of $595–$590 (psychological support)
If selling pressure persists, another “dump” is possible before a reversal bounce
🔁 Possible short-term bounce (dead cat bounce):
RSI is very low — investors may try to catch the “bottom”
In case of recovery — potential resistance zone: $610–$615
📌 Trader’s advice:
Do not go long full force until we see confirmation of a bounce or stabilization $BTC
Watch the RSI, volumes, and price behavior near $600
Pay close attention to the overall market sentiment — everything is currently tied to Bitcoin